When you are getting a divorce, the subject of alimony might come up at some point. If you are on the receiving side, you likely want the highest alimony as possible. If you are on the paying side, you likely want the smallest alimony payments possible. Regardless of which side you are on, it is vital that you protect your interests when it comes to alimony.
What some people don’t realize is that there is no specific formula used to determine how alimony is awarded in Florida. That means that anyone who is going through a divorce should understand the factors that are considered as part of the alimony award process.
The length of your marriage is a big consideration for alimony. Your status in the marriage, such as whether you are a career person or a stay at home parent, plays a big part in alimony. There are several other considerations that will be taken into account for the purpose of alimony. You can learn about those on our website.
As you go through the divorce process, it is important that you also understand that not all alimony involves monthly payments. Alimony can be awarded as either lump sum payments or periodic payments, according to what the judge deems necessary. Alimony can also be awarded for a variety of purposes, such as rehabilitative or bridge-the-gap.
With the complexities of the laws in Florida governing alimony, seeking help as you embark on a battle involving alimony is vital to ensure that you keep your financial interests protected as much as possible.
Source: Law Offices of Mark Abzug, P.A., “Coral Springs, Florida, Alimony Attorney” Sep. 04, 2014